In its consolidated financial statement third quarter results to September 30, 2025 Guardian Holdings Ltd has announced unaudited profit attributable to equity shareholders of $1,281 million, exceeding the prior year’s results of $598 million by $683 million or 114 per cent.
Chairman Robert Almeida in his statement explained this was mainly attributed to the first quarter gain on sale of 100 per cent of the shares of
Thoma Exploitatie BV on January 24, 2025.
Excluding profit from discontinued operations after taxation of $651 million, the group recorded unaudited profit attributable to equity shareholders on continuing operations of $630 million, ahead of the prior year’s results of $587 million by $43 million or seven per cent.
Almeida said core insurance operations remain robust, as insurance service results for the current nine-month period outperformed the same period of the prior year by $207 million or 34 per cent.
The board further reports that for three months ended September 39, 2025, the group recorded unaudited profit attributable to equity shareholders of $237 million, exceeding the prior year’s corresponding quarter profit of $197 million by $40 million or 20 per cent.
“A key contributor to the increased profit recorded was continued growth of our core insurance operations across the English-speaking, Dutch Caribbean and the Netherlands markets, driven by the group’s strategy to perfect and protect our core business. As we continue to navigate the ongoing uncertainties in global trade, investment markets and the wider macro environment, our focus remains firmly on sustainable, long-term value creation supported by operational efficiencies, disciplined cost management and favourable market dynamics,” Almeida added.
In highlighting key successes achieved in the third quarter the chairman said performance ratios were trending strongly upwards with equity/book value per share increasing from $18.22 to $26.11, earnings per share increasing from $2.58 to $5.52 and return on equity increasing from 20 per cent to 28 per cent when compared to the prior year.
Second, he said on September 9, 2025, the group successfully prepaid and refinanced its $1.02 billion bond by issuing a TT$1.05 billion secured multi-tranche bond:
• Tranche A - $449 million at 5.19 per cent three years;
• Tranche B - $398 million at 6.49 per cent six years; and
• Tranche C - TT$203 million at 7.04 per cent 10 years).
As a result, the group’s long-term capital base remains stable.
“In addition, we continue to focus on deleveraging with J$1.99 billion repaid in September 2025, which contributed to our debt-to-equity ratio reducing from 86 per cent to 56 per cent,” Almeida said.
Third, on October 3, 2025, CariCRIS reaffirmed the assigned ratings of CariAA- on the regional rating scale and jmAAA on the Jamaican national scale for Guardian Holdings Ltd with a stable outlook.
“Fourth, following our inaugural quarterly dividend of 21 cents per share paid on June 11, 2025 and second quarterly dividend of 22 cents paid on September 5, 2025, we are proposing a third quarterly dividend payment of 23 cents, our third consecutive quarterly dividend increase, which cumulatively surpasses the prior year’s interim dividend payment of 23 cents by 43 cents or 187 per cent.
“We remain focused on creating value for shareholders through increasing both earnings per share and the dividend payout ratio,” Almeida added.
He added that insurance revenue grew robustly by $253 million or six per cent over the prior year mainly from continued growth in core business across the group’s diversified product offerings in the English-speaking, Dutch-Caribbean and Netherlands markets.
